The data below demonstrates our performance history. Included is a risk scat-o-gram showing our average annual returns along with the standard deviation of the portfolios comparing us to our piers. Crossroads Investment Advisors management team have consistently been a top 10% performer since 1997. We have also displayed our annual returns in both a table and graph below.
Source: Zephyr StyleADVISOR
| 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Short-term Prefix Mix | 12.83% | 10.73% | 5.05% | 1.93% | -1.69% | 12.35% | 5.91% | 4.08% | 8.36% | 7.37% | -13.47% | 17.21% |
| Short-term Benchmark | 12.69% | 7.99% | 3.39% | 0.99% | -1.10% | 12.78% | 6.44% | 4.27% | 8.87% | 6.62% | -11.31% | 15.89% |
| Intermediate-term Preset Mix | 11.48% | 19.50% | 8.43% | 0.05% | -6.13% | 23.49% | 9.50% | 5.51% | 12.29% | 7.71% | -25.20% | 24.49% |
| Intermediate-term Benchmark | 17.80% | 13.80% | -1.67% | -5.17% | -9.24% | 21.48% | 9.72% | 5.76% | 12.75% | 6.75% | -23.46% | 22.74% |
| Long-term Preset Mix | 10.63% | 25.46% | 8.67% | -2.07% | -10.24% | 30.60% | 11.78% | 6.04% | 14.70% | 8.19% | -32.35% | 28.33% |
| Long-term Benchmark | 20.65% | 18.14% | -5.37% | -9.63% | -14.73% | 27.25% | 11.92% | 6.93% | 15.58% | 6.78% | -31.25% | 26.26% |
| Stock-only Preset Mix | 11.85% | 30.17% | 7.19% | -5.86% | -15.62% | 37.73% | 13.79% | 7.40% | 17.11% | 8.88% | -39.74% | 32.76% |
| Stock-only Benchmark | 23.31% | 22.54% | -8.98% | -13.86% | -20.08% | 33.00% | 14.02% | 8.03% | 18.35% | 6.70% | -38.68% | 29.36% |
Source: Zephyr StyleADVISOR
Source: Zephyr StyleADVISOR
Source: Zephyr StyleADVISOR
Source: Zephyr StyleADVISOR
Source: Zephyr StyleADVISOR
Disclosures
- Performance shown is based on the model performance of the mutual fund mixes offered to plan participants of the 401(k) plan of the large private benefits company for whom Kent Misener is in charge of managing and directing. During the time period represented Kent has been the Chief Investment Officer for this benefits company, with the primary responsibility of managing the company’s defined benefit and defined contribution plans. Kent has had a staff of 2 to 4 analysts who have helped gather information, but Kent has always made the ultimate decision as which funds to include within the plan. Kent does report to an investment advisory board, which can veto decisions perceived as too risky or outside the scope of company’s mission or objectives.
- Participants of this 401(k) have been able to choose to manage their investment account themselves by choosing one or a mix of mutual funds held by the plan, or a participant may choose one of the fund mixes managed by Kent and his staff. Participants are not able to invest in more than one “pre-set mix”. At last inquiry 72% of active participants use a pre-set mix. So although, the performance shown is based on the model performance of each of the pre-set mixes, actual client funds were invested within each pre-set mix and actual trading did occur within each pre-set mix. Actual client performance results may vary depending on the inflow and out-flow of cash within each participants account.
- The mutual funds chosen for the plan are typically actively managed funds (as opposed to passive index funds) in various market sectors, and include funds within the: large-cap domestic, mid-cap domestic value and growth, small-cap domestic value and growth, foreign, emerging market, corporate bond, government bond, and money market sectors. The funds chosen to reflect these market sectors may also change over time if Kent and his staff have lost confidence in the fund. Therefore the performance shown may include performance from mutual funds that we are not currently recommending to clients.
- The pre-set mixes offered to plan participants and shown in the graph above are also actively managed by Kent and his staff, which means that the percentage of funds allocated to a specific fund within the plan varies from time to time within each pre-set mix, and each pre-set mix is allocated differently based on risk preference.
- The model pre-set mixes and actual clients funds within each pre-set mix are rebalanced quarterly.
- As shown by the graph, each pre-set mix has not materially differed from their comparative benchmarks in the area of volatility, but this may not always be the case.
- The benchmarks used in the performance shown are made up of the passive indices within the market sectors represented in the 401(k) plan and allocated to reflect the allocations within each pre-set mix. The benchmarks shown include the Russell 3000 index, the EAFA, the Merrill Lynch Domestic Master, and the bond and money market indices. For example, if a preset mix included 40% of the portfolio in domestic equities, 30% in foreign equities, and 30% in government bonds, the benchmark would reflect a 40% allocation in the Russell 3000, 30% in EAFA, and 30% in the bond index. As the indices used as benchmarks may include more positions than the funds Crossroads chooses for its 401(K) clients, there may be a greater risk of loss.
- Results shown are calculated net of advisory, transactional, and/or other fees.
- Past performance is not a warranty for future returns.
- Performance figures are not CFA Institute- (formally AIMR) compliant, as they have not been independently audited.
- While dividends are not automatically reinvested into their respective security, dividends are retained in clients’ accounts and are, eventually, reinvested.